YCP ETF and Mutual Fund Rankings

Fund Rankings Update, 11/15/2024

Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, and sETF have been posted on "Rankings", and "Trading Logs" pages, as well as in http://ycprankings.awardspace.us/RankingTables.htm.

Trading signal occurs in HSA model portfolio: Sell CSFZX, Buy CSMUX

Stocks closed lower as the post-election rally failed to maintain its momentum. As President-elect Donald Trump continued to announce his new cabinet members during the week, uncertainty about the incoming administration's policies started to weigh on investors' sentiment. On the economic front, the CPI and PPI inflation data released on Wednesday and Thursday were largely in line with the expectation. However, Fed Chair Powell made the comment on Thursday that the Fed is in no hurries to lower the interest rates, which dampened the market sentiment as well. For the week, the S&P 500 gave up 2.08%, closing at 5870, the Dow Jones Industrial Average fell 1.24%, and the technology-laden Nasdaq composite index decreased 3.15%.

The S&P 500 has erased its post-election gains this week. The index is now testing its first support level around 5870, which coincides with its previous high and the 20-day EMA. A successful defense of this level could propel the index to a new high of 6200. However, a breakdown below 5870 might trigger a decline to the next support at 5700. Despite recent weakness, the overall technical outlook remains bullish. We anticipate continued upward momentum until the index breaks below the 28-week EMA.

Weekly chart of the S&P 500 index

Fund Rankings Update, 11/8/2024

Stocks closed broadly higher this week as Trump won his second term of the U.S. presidency followed by a 0.25% interest rate cut from the Fed. With the Republicans also winning control of both the Senate and the House, investors anticipate business-friendlier policies from the next administration, which will result in looser regulations, lower taxes, and faster company earning growth. For the week, the S&P 500 jumped 4.66% to another record high, closing at 5995, the Dow Jones Industrial Average advanced 4.61%, and the technology-laden Nasdaq composite index increased 5.74%.

After two weeks of modest decline, the S&P 500 surged 4.66% to a new all-time high. Instead of dipping to the 5600-5650 support zone, the index found a solid floor at the 5700 level. This reversal, coupled with a positive shift in momentum indicators, suggests that the upward trend remains intact. We anticipate the index to continue its ascent along the upper edge of its rising trading channel.

The weekly chart of the S&P 500 index

Fund Rankings Update, 11/1/2024

Trading signal occurs in SSPP model portfolio: Sell FRESX, Buy FIUIX.

Trading signal occurs in FEMKX timing system: Sell FEMKX, Buy Cash

Trading signal occurs in sETF model portfolio: Sell ITB, Buy IYZ

Stocks closed lower for the second week after major tech companies reported quarterly earnings. Despite strong earnings from tech giants like Apple, Google, Amazon, Microsoft, and Meta, investors remained unimpressed. On the economic data front, the Labor Department reported on Friday that the U.S. added only 12000 jobs in October, the lowest since December 2020. Economists attributed the low employment data to the damages caused by Hurricanes Helene, Milton, and the Boeing strike. For the week, the S&P 500 lost 1.37%, closing at 5728, the Dow Jones Industrial Average dipped 0.15%, and the technology-laden Nasdaq composite index decreased 1.5%.

The S&P 500 has undergone a modest pullback over the last two weeks, consistent with our expectations. The index is still trading above its 28-week EMA exhibiting robust momentum. We anticipate that the index will find support at the 5600-5650 level and resume its upward trajectory.

The weekly chart of the S&P 500 index

Fund Rankings Update, 10/25/2024

Stocks took a pause after six weeks of consecutive gains with Large-cap stocks and growth stocks outperforming the small-caps and value stocks. Rising long-term treasury yields were the culprit as investors shifted to a shallower rate-cutting expectation due to stronger-than-expected economic growth and a slower decline in inflation. The S&P 500 lost 0.96% for the week, closing at 5808, the Dow Jones Industrial Average dropped 2.68%, while the technology-laden Nasdaq composite index increased 0.16%.

The S&P 500 index has shown continued strength, trading near the upper boundary of its recent range. While we anticipate periods of sideways movement or minor corrections, the index's position above its 28-week exponential moving average and its strong momentum signal a positive outlook for the near future.

The weekly chart of the S&P 500 index

Fund Rankings Update, 10/18/2024

Trading signal occurs in ETF model portfolio: Sell IYR, Buy FXI.

Stocks advanced higher with the S&P 500 index reaching another record level. The advancements were led by the utility and real estate sectors with small-cap and mid-cap stocks outperforming the general market. Despite a lighter week of economic news, positive signs emerged. The September retail sales, released on Wednesday, went up 0.4% much higher than the 0.1% registered in August, and the weekly initial jobless claims fell unexpectedly to 241,000. For the week, The S&P 500 gained 0.85%, closing at 5864, the Dow Jones Industrial Average advanced 0.96%, and the Nasdaq composite index increased 0.8%.

The S&P 500 index continued its upward trajectory, reaching a new all-time high near the upper boundary of its trading channel. Given the index's strong momentum, we anticipate the bullish trend to persist. However, it's important to note that short-term pullbacks or periods of sideways consolidation are likely to occur.

The weekly chart of the S&P 500 index

Fund Rankings Update, 10/11/2024

Trading signal occurs in HSA model portfolio: Sell DZCRX, Buy CSFZX.

Stocks climbed to new heights, with both the S&P 500 and Dow Jones Industrial Average reaching record levels. The positive earnings reports from JPMorgan Chase and Wells Fargo marked the beginning of the third-quarter earnings season. However, inflation proved to be persistent, as the September core CPI increased by 0.3% month-over-month, exceeding expectations of 0.2%. Additionally, the September core PPI rose 0.2% as anticipated. This unexpected rise in inflation dashed investors' hopes for a more aggressive 0.5% interest rate cut by the Federal Reserve in November. Instead, the market is now leaning towards a more moderate 0.25% rate reduction. For the week, The S&P 500 gained 1.11%, closing at 5815, the Dow Jones Industrial Average advanced 1.21%, and the Nasdaq composite index increased 1.13%.

The S&P 500 advanced to another record high, fueled by strong momentum. The index has maintained an upward trend for five consecutive weeks. While a minor pullback or sideways consolidation might be expected, our overall positive outlook for the S&P 500 remains unchanged.

The weekly chart of the S&P 500 index

Fund Rankings Update, 10/4/2024

Trading signal occurs in SELECT model portfolio: Sell FBIOX, Buy FSTCX.

Stocks closed the week with modest gain and continued its winning streak for the fourth week. Tension in the Middle East sent the oil prices higher and the dockworkers' strike at the Eastern seaport also weighed on investors sentiment. However, investors found positive support Friday as the Labor Department released that the US added 254,000 nonfarm payrolls in September nearly double the expectation, which indicated that the FED may have successfully engineered a soft landing scenario. For the week, The S&P 500 gained 0.22%, closing at 5751, the Dow Jones Industrial Average advanced 0.09%, and the Nasdaq composite index increased 0.1%.

The S&P 500 index has sustained a steady upward trend. As illustrated in the daily chart, the index successfully retested its 20-day Exponential Moving Average (EMA) on both Wednesday and Thursday. This pattern presents attractive buying opportunities for investors seeking short-term gains from the ongoing market rally, as previously discussed in our blogs.

The weekly chart of the S&P 500 index

The daily chart of the S&P 500 index